Charity Dynamics Builds Momentum, Receives Significant Investment from Vitesse Capital Partners
AUSTIN, Texas, Dec. 10, 2012 /PRNewswire/ -- Charity Dynamics, a leading provider of online marketing and fundraising solutions for nonprofits, today announced a significant equity investment in the company by Austin-based Vitesse Capital Partners, LLC.
Charity Dynamics' services and solutions empower nonprofit organizations to create and implement results-driven fundraising strategies through online programs, live and virtual events, social media and mobile solutions. The investment from Vitesse will help position Charity Dynamics for continued growth and success as the company continues to serve the online fundraising needs of charitable groups across the country. Charity Dynamics' founder, Donna Wilkins, will continue to serve as chief executive officer and as a board director. Vitesse's John Thornborrow will take on an active operational role with Charity Dynamics as the company's new chief operating officer. Thornborrow also will serve as a board director along with Vitesse Founder Gregg Burt. Financial terms of the investment were not disclosed.
"I'm excited for Charity Dynamics to partner with Vitesse as it will allow me to focus more of my energy on the strategies that keep our company delivering the most relevant and innovative solutions and services to nonprofit organizations," said Wilkins. "Our clients will continue to receive the same great service that they've come to expect from Charity Dynamics. We now have the benefit of additional operational expertise and guidance to support our company's future growth plans and further strengthen our leadership position as we serve the needs of the nonprofit marketplace."
"Charity Dynamics has demonstrated strong performance throughout its history and will continue to operate its business in the same fashion moving forward," added John Thornborrow, managing partner with Vitesse Capital Partners. "This is an investment in the growth of a company that's doing great things by empowering nonprofits to reach more people, achieve stronger online fundraising results and more effectively fulfill their missions. We look forward to working closely with Donna and her management team to drive ongoing value and further build upon Charity Dynamics' success."
Charity Dynamics' innovative Boundless Fundraising™ solution has been used by nonprofit organizations to raise more than $200 million since the suite of applications launched four years ago. The company's growing list of clients includes American Cancer Society, The ALS Association, National Multiple Sclerosis Society and The Salvation Army.
In addition to being named to Austin Business Journal's 2012 Best Places to Work list, Charity Dynamics has been recognized for the last three consecutive years as one of the fastest-growing private companies in Central Texas. The company also has been listed consistently on the annual Inc. 500/5000 list which recognizes the country's highest performing entrepreneurial companies that exemplify cutting-edge business models and rapid growth.
About Charity Dynamics
Charity Dynamics provides comprehensive online marketing and fundraising solutions for nonprofit organizations. The company's expert consulting services enable nonprofits to create and implement results-driven fundraising strategies through online programs, live and virtual events, social media and mobile solutions. Organizations using Charity Dynamics' innovative Boundless Fundraising® solution have raised more than $200 million directly through the suite of applications since it launched in late 2008. Charity Dynamics' clients include The ALS Association, American Cancer Society, National Multiple Sclerosis Society and The Salvation Army. For more information, please visit www.charitydynamics.com.
About Vitesse Capital Partners, LLC
Vitesse Capital Partners, LLC is a private equity firm with the strategy of acquiring and growing a portfolio of technology solutions providers. Vitesse has assembled a highly capable and proven management team with decades of experience and success in investments, mergers and acquisitions, integrations, financing transactions, operations, turnarounds, and divestitures. Vitesse Capital seeks to invest in and participate operationally in companies where the addition of strong managerial talent and renewed strategic and operational focus can create more opportunity for growth and expansion in existing and new markets. The Firm is privately owned by its principals and located in Austin, Texas. For more information, please refer to the Vitesse website at www.vitessecapital.com.
SOURCE Charity Dynamics
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